TDECU to rebrand after merger with fellow Houston credit union
Texas Dow Employees CU, which operates as TDECU, will change its name to Space City Financial after the completion of its deal with Space City Credit Union.
Two Houston-area credit unions plan to merge and form an institution with nearly $5 billion of assets.
Lake Jackson-based TDECU plans to merge with Space City Credit Union in a transaction to be completed later this year, the companies announced Tuesday.
TDECU is Houston’s largest credit union and has more than 376,000 members and $4.8 billion of assets. Space City has 12,000 members and $141 million of assets.
As part of the merger, TDECU will acquire the Space City brand and will operate in the Greater Houston area – including Brazoria County – as Space City Financial, although TDECU will continue to be the legal name of the organization.
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